Thu, Jan 11, 2024
The company's total income surged 23 per cent year-on-year to Rs 814.17 crore in the October-December quarter of the current fiscal (FY24), from Rs 663 crore in the year-ago period.
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Tue, Jan 02, 2024
In a release the company stated that it is a strategic expansion initiative aimed at increasing penetration of mutual funds in India. Presently, HDFC AMC operates through an extensive network of over 200 branches.
Fri, Oct 13, 2023
In the September ended quarter of FY24, the company’s consolidated net profit jumped 20 per cent year-on-year (YoY) to Rs 436 crore as against Rs. 364 crore in the corresponding period of the last fiscal.
Thu, Sep 21, 2023
HDFC Asset Management Company (HDFC AMC) has received the RBI's approval to acquire up to 9.5% stake in Karur Vysya Bank and DCB Bank each. This news has led to a surge in the stock prices of both banks, with Karur Vysya Bank rising by 1.57% and DCB Bank soaring by 3.47%.
The stock of HDFC AMC ended trading on Thursday down 0.72 per cent, or Rs 19.40, at Rs 2655.00 on a day when the RBI approved the mutual fund company to acquire up to 9.5 per cent stake in Karur Vysya Bank and DCB Bank each.
Fri, Aug 18, 2023
The NSE Indices Committee has made changes to the Nifty Next50, Nifty Midcap 150, and Nifty Smallcap 100 indices. Nykaa, HDFC AMC, Indus Towers, Page Industries, and ACC have been removed from the Nifty Next50, while PNB, Shriram Finance, Trent, TVS Motor, and Zydus Life have been added.
Mon, Jul 24, 2023
HDFC AMC Q1 results: HDFC Asset Management Company (AMC) on Monday reported a 52 per cent jump in profit after tax (PAT) at Rs 477.5 crore for three months ended June 2023.
Tue, Jul 11, 2023
In the three-month selling period to June 30, HDFC AMC promoter Abrdn emerged as the biggest seller as it sold its 10.2 per cent stake for Rs 4,079 crore in a deal in June.
Mon, Jun 26, 2023
"Notice is hereby given that the Twenty-Fourth Annual General Meeting of the Members of HDFC Asset Management Company Limited ("the Company") will be held on Monday, June 26, 2023, at 3.00 p.m. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")," the regulatory filing read.
Tue, Jun 20, 2023
HDFC AMC shares jumped to trade within Rs 254 of its 52-week high after its promoter, Abrdn Investment Management (formerly Standard Life Investments), lined up its entire 10.2 per cent holding in the Indian company in a block deal.
Mon, Jun 19, 2023
Abrdn Investment Management, formerly known as Standard Life, will offload 2.18 crore shares and with the lower end of the floor price, the transaction size would be Rs 3,920 crore.
Fri, May 19, 2023
HDFC Asset Management Company earlier on Tuesday announced the launch of the country's first mutual fund focused on defence sector – a move that will provide investors an opportunity to participate in the growth potential of this space.
AMC stocks under pressure: The Securities and Exchange Board of India on Thursday proposed a uniform total expense ratio (TER) across mutual fund schemes in a bid to bring in transparency in the costs charged to unitholders.
Wed, Apr 26, 2023
Which stocks to buy, hold or sell today? As Dalal Street enters the April 26 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, and other shares are on their radar today.
Tue, Apr 25, 2023
The company's total expenses during the quarter increased marginally to Rs 146 crore against Rs 138 crore in the year-ago period.
HDFC AMC's standalone net profit jumped 10% to Rs 376 crore in the fourth quarter, compared with Rs 343 crore in the same period last year. Further, the Board has recommended a dividend of Rs 48 per equity share for the financial year ending March 2023.
Tue, Mar 21, 2023
Stocks to buy: Brokerages see seven stocks rewarding investors with returns as high as 59 per cent. On their list of shares to buy now are Hero MotoCorp, HDFC AMC, UTI AMC, Century Plyboards and three other stocks.
Mon, Mar 20, 2023
The stock, earlier in the day, touched a fresh 52-week low of Rs 1,595.25 per share after nearly 51 lakh shares or 2.4 percent of the overall equity exchanged hands in multiple block deals today. The deal was valued at Rs 812 crore and saw shares being exchanged at an average price of Rs 1,602 per share.
Mon, Jan 30, 2023
Jefferies, JP Morgan and Morgan Stanley have maintained 'buy' or overweight ratings on Bajaj Finance. CLSA has upgraded the NBFC stock to 'reduce' from 'sell'.
Wed, Jan 25, 2023
The global brokerages are divided on SBI Card and HDFC AMC after the release of the companies' quarterly numbers.
Tue, Jan 24, 2023
HDFC AMC Q3FY23 Results: Revenue from operations on a standalone basis in Q3FY23 stood at Rs 559.56 crores.
The analysts expect easing of chip shortage-related issues, higher volumes and better demand to aid the auto major’s earnings.
Tue, Dec 13, 2022
Given the possible cyclical slowdown in flows, Kotak Institutional is of the view that incremental value creation will be a function of company-specific growth or margin levers for AMCs.
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